smu mba semester 3 assignments, sprring 2014

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ASSIGNMENT
DRIVE SPRING 2014
PROGRAM MBADS/ MBAFLEX/ MBAHCSN3/ MBAN2 – SEM 3
PGDBMN/ PGDENMN/ PGDFMN/ PGDHRMN/ PGDHSMN/
PGDIB/ PGDISMN/ PGDMMN/ PGDOMN/ PGDPMN/
PGDROMN/ PGDSCMN/ PGDTQMN – SEM 1
SUBJECT CODE &
NAME
MB0051-Legal Aspects of Business
BK ID B 1725
CREDIT & MARKS 4 Credits, 60 marks
Note – Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Q.No Questions Marks Total Marks
1 What are the rights of a surety? 10
Rights against creditors 2
Rights against Principal Debtor 4
Right against Co-Sureties 4
2 Explain duties of a Bailor and a Bailee. 10
Duties of Bailor 5
Duties of Bailee 5
3 “Power of Attorney is considered as an important concept in Business Law”.
Explain 10
Meaning 3
Types 2
Registration 5
4 “The Banking Regulation Act, 1949, provides various methods of regulation of the
banking business”. Describe the key areas of regulation.
Methods of regulation 10 10
5 Explain the nature and scope of complaints under the Consumer Protection Act?
Persons competent to make complaints 3
Place of complaint 1
Procedure for filing a complaint 2
Admission of complaint 2
Power of the District Forum 2 10
6 Explain the need and types of meetings.
Need for meeting 2
Statutory meetings 2
Annual General Meetings 2

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Extraordinary meetings 2
Class meetings 2 10